The report provides statistics on the market size by Inverters and UPS, the segmentation of inverters by end-user with technology structure, the import-export scenario of inverters and UPS, the regulatory environment, market share and outlook.
May 5, 2015
• The Indian inverter market is expected to reach INR 43,200.7 million by the 2019 fiscal year
• The Indian UPS market is projected to reach INR 82,376.3 million by fiscal year 2009
• Future growth of the Indian inverter and UPS market is expected to be driven by the low availability of high quality power, the expansion of industry and rising consumer income levels.
• Market leader Luminous Power is expected to continue to focus on expanding its battery production capacity and strengthening its presence in the solar power supply space.
Ken Research announced its latest publication on Inverter and UPS Market Outlook in India to 2019 – Driven by Power Deficits and Industrial Expansion, which provides a comprehensive analysis of the inverter and UPS market in India. The report covers various aspects such as the Indian Inverter and UPS market size, segmentation by technology, market structure, end-user, capacity, region, and volume of exports and imports for inverters and UPS systems. The report is useful for inverter and UPS system manufacturers, distributors, retail chains, machine manufacturers of emergency power products, and new entrants to the market.
The inverter and UPS market in India has seen growth in recent years due to increasing demand caused by the supply and demand gap in power supply, the expansion of industry, and rising consumer income levels. The market in India is highly fragmented but is dominated by large organized players such as Luminous Power, Mictrotek International and Su-Kam Power, which offer a wide range of inverters and UPS systems for residential and industrial use. The market revenues of the Indian inverters increased by 8.9% from FY 2010 to FY 2014 and the UPS market revenues from FY 2010 to FY 2014 by 9.9%.
According to the research report, the Indian inverter market is expected to grow 9.4% through fiscal year 2009. As households' disposable income increases, sales of electrical appliances such as AC power, refrigerators, televisions and microwaves are expected to increase, and inadequate power supplies will lead consumers to choose inverters. The Indian UPS market is expected to reach new heights and grow at an annual growth rate of 9.8% in the 2014/19 financial year. This is due to the lack of high-quality electricity, the expansion of the IT / ITE, banking, pharmaceuticals and SMB segments and the rising income level of consumers.
“While power shortages, higher income levels and the expansion of the industry will lead to higher spending on emergency power products in India, competition from the unorganized sector, lack of consumer awareness, declining desktop sales and high import tariffs are just some of the biggest challenges facing this industry's growth influence in the future, ”said Research Associate Ken Research.